Summit Mortgage Bankers in New York vs the state
2.7%Denial rate-17.10 pts vs state
3.0%Decision denial rate-21.05 pts vs state
86.1%Origination rate+26.50 pts vs state
6.50%Median rate-0.13 pts vs state
-0.03Rate spread (pts)-0.24 pts vs state
$143kMedian applicant income
260Loans originated
8Denied
Trend in New York
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 220 | 179 | 1.8% | 6.63% | #187 |
| 2024 | 337 | 293 | 2.1% | 6.63% | #158 |
| 2025 | 302 | 260 | 2.7% | 6.50% | #177 |
What Summit Mortgage Bankers lends in New York
By loan purpose
By loan type
Why it denied New York applicants
Where in New York
Counties with the most Summit Mortgage Bankers applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Queens County | 117 | 98 | 4 | 3.4% |
| Nassau County | 66 | 60 | 1 | 1.5% |
| Kings County | 43 | 34 | 2 | 4.7% |
| Richmond County | 36 | 32 | 0 | 0.0% |
| Suffolk County | 12 | 12 | 0 | 0.0% |
| Westchester County | 8 | 8 | 0 | 0.0% |
| New York County | 8 | 6 | 1 | 12.5% |
| Bronx County | 2 | 1 | 0 | 0.0% |
| Orange County | 2 | 2 | 0 | 0.0% |
| Rockland County | 1 | 1 | 0 | 0.0% |
Other large lenders in New York
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 20,315 | 32.7% | 7.97% |
| Rocket Mortgage | C | 19,924 | 22.0% | 6.88% |
| United Shore Financial Services | B | 14,777 | 11.2% | 6.50% |
| JPMorgan Chase Bank | B | 14,735 | 11.7% | 6.38% |
| Manufacturers and Traders Trust | C | 12,335 | 31.3% | 5.99% |
| Bank of America | F | 10,193 | 35.7% | 5.99% |
| Bethpage Federal Credit Union | C | 9,736 | 47.2% | 6.49% |
| TD Bank | D | 9,239 | 30.2% | 7.69% |
| Newrez | D | 8,654 | 24.2% | 6.75% |
| ESL Federal Credit Union | B | 7,817 | 17.6% | 4.50% |
Frequently asked questions
New York: 302 applications in 2025, of which 260 were originated and 8 denied.
2.7% of all applications, or 3.0% of the applications it actually decided on. The New York statewide average across all lenders was 19.8%.
The median rate on loans Summit Mortgage Bankers originated in New York in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Summit Mortgage Bankers's own HMDA filing for properties located in New York, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology